Post
Topic
Board Altcoin Discussion
Re: token supply
by
FanEagle
on 17/01/2020, 09:50:40 UTC
sometimes I think if you look at the amount of token supply in such a large amount that trillions and trillions after the project runs several months or years, the token will be burned, what for if you make tokens with a large supply, but will be burned, ...?

 Roll Eyes
Well, if a project has a large number of tokens which are not all sold than they can burn the remaining tokens. Burning the tokens is actually good for the project as it creates a scars in the amount of tokens which would rather keep on the demand increasing. Burning the tokens is actually an effective way to start a price pump in the price and hence most of the projects would now consider burning there remaining tokens to keep their project in well-demand.

I do not find anything wrong in this though because creating a larger amount of tokens might not be that bad step as in a case, there are a lot of investors than each of those tokens would be sold.